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Reed Sensors Market Analysis, Share, Growth & Forecast [2031]
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Reed Sensors Market Analysis, Share, Growth & Forecast [2031]

Segments - Asia Pacific Reed Sensors Market by Types (Cylindrical Panel Mounts, Surface Mounts, and Others), Vehicle Types (Passenger Cars and Commercial Vehicle), Applications (Internal Sensors, Speedometer, Tachometer, and Cruise Control, and Others), and Geography (India, China, South Korea, Japan, and Rest of Asia Pacific) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-2283 | 4.1 Rating | 77 Reviews | 135 Pages | Format : PDF Excel PPT

Report Description


The Asia Pacific reed sensors market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 5.07% during 2023–2031.  The growth of the market is attributed to the high demand for electric vehicles. Moreover, stringent government regulations regarding passenger safety is driving the market growth.

A reed switch is an electromagnetic switch that is used to control the current in a circuit. It is manufactured using at least two ferrous reeds encased inside a little glass tube-like cover, which gets charged and move together or separate when an attractive field is transferred toward the switch.

Asia Pacific Reed Sensors Market Outlook

The switch viably works similar to a gate or a scaffold in an electric circuit. Thus, when the two reeds are in touch, current can pass around the circuit. Unlike mechanical switches they don't need a personnel to flick them on or off. However, they are controlled totally by imperceptible attractive fields.

Two types of settings exist in a reel switch, which is normally close and normally open. In a normally open switch, the two reeds, which are produced using nickel-iron composite are situated in such a way that they are not contacted to each other.

The normally closed reed switches work on a similar guideline as the former one, except that the switch utilizes an underlying magnet to keep its two contacts in an energized state. This imply that the switch's default position is to keep the circuit closed, allowing the electrical current to flow through the circuit.

  • Technological advancements in sensor technology is anticipated to drive the market growth.

  • Huge demand for automobile components is expected to drive the market growth.

  • Low operating cost and ability to work in harsh environment can proliferate the growth of the market.

  • Complex mechanism and high replacement cost can hinder the market development.

  • Increasing use of reed sensors in emerging technologies can create lucrative opportunities for market players during the forecast period.

Scope of the Report

The report on the Asia Pacific reed sensors market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Reed Sensors Market - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Types (Cylindrical Panel Mounts, Surface Mounts, and Others), Vehicle Types (Passenger Cars and Commercial Vehicle), Applications (Internal Sensors, Speedometer, Tachometer, and Cruise Control, and Others)

Geographical Scope

India, China, South Korea, Japan, and Rest of Asia Pacific

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Littlefuse Inc.; Bimba Manufacturing Company; Comus International; Coto Technology; and GE Ding Information Inc.

Asia Pacific Reed Sensors Market Segment Insights

Cylinder panel mount segment is expected to grow at a healthy rate

Based on types, the market is divided into cylindrical panel mount, surface mount, and others. The cylindrical panel mounts segment is expected to exhibit a healthy CAGR during the forecast period due to their capacity to provide better shock efficiency.

Asia Pacific Reed Sensors Market Types

Passengers cars segment is projected to expand at a considerable CAGR

On the basis of vehicle types, the Asia Pacific reed sensors market is segregated into passenger cars, commercial vehicle. The passenger segment is projected to expand at a considerable CAGR during the forecast period owing to shifting interest of customers for electric vehicles due to increasing environmental concerns and stringent government regulations.

Cruise control segment is anticipated to grow at a robust pace

On the basis of applications, the market is bifurcated into internal sensors, speedometer, tachometer, and cruise control, and others. The cruise control segment is expected to account for a significant market share in the projected timeline owing to growing demand for cars in premium segment.

Asia Pacific Reed Sensors Market Applications

China is anticipated to constitute a key market share

In terms of regions, the Asia Pacific reed sensors market is classified as India, China, South Korea, Japan, and Rest of Asia Pacific. China is expected to constitute a key share of the market in the projected timeline. Rising focus on government state bodies in country on investment in infrastructure to boost their manufacturing industry is driving the growth of the market in the country.

Segments

The Asia Pacific reed sensors market has been segmented on the basis of

Types

  • Cylindrical Panel Mounts
  • Surface Mounts
  • Others

Vehicle Types

  • Passenger Cars
  • Commercial Vehicle

Applications

  • Internal Sensors
  • Speedometer
  • Tachometer
  • Cruise Control
  • Others

Geography

  • India
  • China
  • South Korea
  • Japan
  • Rest of Asia Pacific

Key Players

  • Littlefuse Inc.
  • Bimba Manufacturing Company
  • Comus International
  • Coto Technology
  • GE Ding Information Inc.

Competitive Landscape

Key players competing in the Asia Pacific reed sensors market are Littlefuse Inc.; Bimba Manufacturing Company; Comus International; Coto Technology; and GE Ding Information Inc.

Some of the major players are entering into strategic partnerships with the global leaders to enhance their market presence.

Asia Pacific Reed Sensors Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Reed Sensors Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Reed Sensors Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Reed Sensors Market - Supply Chain
  4.5. Global Reed Sensors Market Forecast
     4.5.1. Reed Sensors Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Reed Sensors Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Reed Sensors Market Absolute $ Opportunity
5. Global Reed Sensors Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Reed Sensors Market Size and Volume Forecast by Types
     5.3.1. Cylindrical Panel Mounts Surface Mounts Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Reed Sensors Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Reed Sensors Market Size and Volume Forecast by Applications
     6.3.1. Internal Sensors Speedometer Tachometer Cruise Control Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Reed Sensors Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Reed Sensors Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Reed Sensors Demand Share Forecast, 2019-2026
8. North America Reed Sensors Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Reed Sensors Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Reed Sensors Market Size and Volume Forecast by Types
     8.4.1. Cylindrical Panel Mounts Surface Mounts Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Reed Sensors Market Size and Volume Forecast by Applications
     8.7.1. Internal Sensors Speedometer Tachometer Cruise Control Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Reed Sensors Demand Share Forecast, 2019-2026
9. Latin America Reed Sensors Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Reed Sensors Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Reed Sensors Market Size and Volume Forecast by Types
     9.4.1. Cylindrical Panel Mounts Surface Mounts Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Reed Sensors Market Size and Volume Forecast by Applications
     9.7.1. Internal Sensors Speedometer Tachometer Cruise Control Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Reed Sensors Demand Share Forecast, 2019-2026
10. Europe Reed Sensors Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Reed Sensors Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Reed Sensors Market Size and Volume Forecast by Types
     10.4.1. Cylindrical Panel Mounts Surface Mounts Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Reed Sensors Market Size and Volume Forecast by Applications
     10.7.1. Internal Sensors Speedometer Tachometer Cruise Control Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Reed Sensors Demand Share Forecast, 2019-2026
11. Asia Pacific Reed Sensors Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Reed Sensors Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Reed Sensors Market Size and Volume Forecast by Types
     11.4.1. Cylindrical Panel Mounts Surface Mounts Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Reed Sensors Market Size and Volume Forecast by Applications
     11.7.1. Internal Sensors Speedometer Tachometer Cruise Control Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Reed Sensors Demand Share Forecast, 2019-2026
12. Middle East & Africa Reed Sensors Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Reed Sensors Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Reed Sensors Market Size and Volume Forecast by Types
     12.4.1. Cylindrical Panel Mounts Surface Mounts Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Reed Sensors Market Size and Volume Forecast by Applications
     12.7.1. Internal Sensors Speedometer Tachometer Cruise Control Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Reed Sensors Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Reed Sensors Market: Market Share Analysis
  13.2. Reed Sensors Distributors and Customers
  13.3. Reed Sensors Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Littlefuse Inc. Bimba Manufacturing Company Comus International Coto Technology GE Ding Information Inc.

Methodology

Our Clients

General Mills
Honda Motor Co. Ltd.
Nestle SA
Pfizer
Dassault Aviation
General Electric
The John Holland Group
Microsoft